Form 8-K MICRON TECHNOLOGY INC For: Dec 02
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E-mailUNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
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Pursuant to Section�13 OR 15(d) of the Securities Exchange Act of 1934
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December 2, 2014
Date of Report (date of earliest event reported)
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MICRON TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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1-10658
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75-1618004
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(State or other jurisdiction of
incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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8000 South Federal Way
Boise, Idaho� 83716-9632
(Address of principal executive offices)
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(208) 368-4000
(Registrants telephone number, including area code)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))
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Item 7.01.����� Regulation FD Disclosure
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Micron Technology, Inc. (the Company ) plans to add approximately 255,000 square feet of clean room space to its fabrication facility in Singapore.� This expansion would facilitate efficient implementation of 3D NAND production at the Singapore facility and give the Company the flexibility to gradually add incremental capacity in response to market requirements.� In addition, the space would enable production of storage class and other memory technologies.��Construction of the additional space is expected to begin in fiscal 2015 with initial manufacturing output likely in fiscal 2017.� The Company currently anticipates spending approximately $50 million in fiscal 2015 for initial design and construction. At completion and subject to market conditions, the Company currently expects the total cost for this expansion to be approximately $4 billion incurred over a number of years starting in fiscal 2016.��The Companys capital spending guidance for fiscal 2015 remains unchanged at $3.6 billion to $4 billion.
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The Companys CEO, Mark Durcan, will�update the Companys technology and manufacturing strategy, including the clean room expansion, on Wednesday, December 3, 2014, at the 18th Annual Credit Suisse Technology Conference. Mr. Durcans presentation will begin at noon MT and can be accessed live via webcast from the Companys Investor Relations website at http://www.micron.com/investors/conference.��The press release related to Mr. Durcans participation in this conference is attached as Exhibit 99.1 hereto.
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This Current Report on Form 8-K contains forward-looking statements related to the timing and cost of the Companys clean room expansion plan. Actual events or results may differ materially from those contained in the forward-looking statements. Please refer to the documents the Company files on a consolidated basis from time to time with the Securities and Exchange Commission, specifically the Company's most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results for the Company on a consolidated basis to differ materially from those contained in our forward-looking statements (see Risk Factors). Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.
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Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits.
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The following exhibits are filed herewith:
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Exhibit No.
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Description
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99.1
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Press release dated December 2, 2014, regarding Mr. Durcans participation in the 18th Annual Credit Suisse Technology Conference
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MICRON TECHNOLOGY, INC.
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Date:��December 2, 2014
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By:
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/s/ D. Mark Durcan
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Name:
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D. Mark Durcan
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Title:
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Chief Executive Officer
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INDEX TO EXHIBITS FILED WITH
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THE CURRENT REPORT ON FORM�8-K DATED DECEMBER 2, 2014
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Exhibit No.
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Description
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99.1
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Press release, dated December 2, 2014, regarding Mr. Durcans participation in the 18th Annual Credit Suisse Technology Conference
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EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
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Contacts:
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Kipp A. Bedard
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Daniel Francisco
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Investor Relations
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Media Relations
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(208) 368-4465
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(208) 368-5584
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MICRON TECHNOLOGY CEO MARK DURCAN TO PRESENT DEC. 3
AT CREDIT SUISSE 18TH ANNUAL TECHNOLOGY CONFERENCE
BOISE, Idaho, Dec. 2, 2014 Micron Technology, Inc. (NASDAQ: MU) CEO Mark Durcan will present Wednesday, Dec. 3, at the 18th annual Credit Suisse Technology Conference.
Durcan will speak on the companys areas of focus including technology and manufacturing strategy updates in his presentation that will begin at noon MT. The presentation can be accessed live via webcast from Microns Investor Relations website at http://www.micron.com/investors/conference.
Micron Technology, Inc., is a global leader in advanced semiconductor systems. Microns broad portfolio of high-performance memory technologiesincluding DRAM, NAND and NOR Flashis the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership,�Microns memory solutions enable the worlds most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications.�Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
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Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
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